Geoff Gannon commented on the post, Keweenaw Land Association (KEWL) 7 years, 9 months ago
Keweenaw Land Association announced several resignations (due to the change in board control). The company may pay about $2 million to these departing executives:
“…Keweenaw’s change of control a […]
Geoff Gannon commented on the post, NACCO (NC) 7 years, 9 months ago
On August 1st, 2018 NACCO reported earnings. It had a conference call on August 2nd. There was one analyst on the call. He asked some good questions. You can hear a replay of the call here:
Geoff Gannon wrote a new post 7 years, 9 months ago
Member write-up by DAVE ROTTMAN
Overview
Kaanapali Land LLC (KANP) is a business that owns land on Maui, one of the major Hawaiian Islands. Because Kaanapali is the name of the region of Maui that […] 
Geoff Gannon commented on the post, Maui Land & Pineapple (MLP) 7 years, 10 months ago
Dave,
Absolutely. The cost basis for the land is basically zero. I think this company could pay almost a 27% tax (Hawaii corporate tax is like 6.4% and U.S. federal tax is 21%) and that almost 100% of the […]
Geoff Gannon commented on the post, Maui Land & Pineapple (MLP) 7 years, 10 months ago
Here is the link to the Value Investor’s Club write-up on Maui Land & Pineapple (MLP):
Geoff Gannon commented on the post, Maui Land & Pineapple (MLP): 900 Acres of Hawaiian Resort Land for $250,000 an Acre 7 years, 10 months ago
I’ve created a discussion thread for Maui Land & Pineapple. You can find links to write-ups others have done on MLP. If you have questions, ask them there.
Geoff Gannon wrote a new post 7 years, 10 months ago
I did an initial interest post on this company on June 27th, 2018:http://0g6.ceb.myftpupload.com/maui-land-pineapple-mlp-900-acres-of-hawaiian-resort-land-for-250000-an-acre/This thread is the place for members to […]
Geoff Gannon wrote a new post 7 years, 10 months ago
Maui Land & Pineapple (MLP) owns real estate on the island of Maui (which is in Hawaii). The company has 22,800 acres of land carried on its books at prices dating back to the 1911 to 1932 period. So, book value […]
Geoff Gannon wrote a new post 7 years, 10 months ago
Article by DAVE ROTTMAN
Introduction and Overview
Monro (MNRO) is a large chain of auto shops providing a wide range of automotive service and repair work in the United States with company-operated […] 
Geoff Gannon wrote a new post 7 years, 11 months ago
Article by DAVE ROTTMAN
I would like to discuss and elicit feedback from our community on the topic of value trading. What I mean by value trading is the purchase and sale of stocks in a shorter time frame than […] 
Geoff Gannon wrote a new post 7 years, 11 months ago
Friday, May 25th – Pandora A/S (PNDORA) by LUKE ELLIOTT
Friday, May 25th – GameStop (GME) by VETLE FORSLAND
Sunday, May 27th – “Value Trading – Does It Ever Make Sense?” by DAVE ROTTMAN
To Focused Compounding […]
Geoff Gannon wrote a new post 7 years, 11 months ago
Member write-up by Vetle Forsland
Business Overview
GameStop is the number one video game retailer in the world, the largest AT&T retailer, the largest Apple products reseller and one of the world’s la […]
Geoff Gannon commented on the post, Pendrell (PCOA): A Company with Cash, a Tax Asset, and Almost No Liabilities 7 years, 11 months ago
Ankit,
Section 382 (discussed in the first link you added) is why companies with net operating loss carryforwards usually have some sort of poison pill or other rule that will prevent a 5% or more owner from […]
Geoff Gannon commented on the post, What’s NACCO’s Margin of Safety? 7 years, 11 months ago
It’s essentially an unleveraged 10%+ real free cash flow yield backed by long-term contracts. I can’t find anything like that elsewhere.
Geoff Gannon commented on the post, Zooplus 7 years, 11 months ago
Ankit,
Vetle is the author of this article. If it says “Geoff Gannon” as the poster, it just means I’m the one who actually puts up the article. Whenever it says “Member write-up by…” the article is that […]
Geoff Gannon commented on the post, NACCO (NC) 7 years, 11 months ago
Phil,
I’d be surprised if NACCO (NC) bought back much stock. I don’t think they want to be leveraged. And I do think they run things with long-term taxable (that is, family members) in mind. So, I doubt they […]
Geoff Gannon commented on the post, What’s NACCO’s Margin of Safety? 7 years, 11 months ago
As far as margin of safety, I want to pay no more than 2/3 of my appraisal value. And I don’t want my appraisal to have aggressive assumptions. So, if I appraise something for about $50 a share, I don’t want to […]
Geoff Gannon wrote a new post 7 years, 11 months ago
Member write-up by Jayden Preston
Overview
Founded in 2005, Box offers a cloud content management platform, as a subscription-based service, that enables organizations of all sizes to securely m […] 
Geoff Gannon commented on the post, What’s NACCO’s Margin of Safety? 7 years, 11 months ago
I bought all my shares the same day. I didn’t pay more than $32.50 for them.
I haven’t put more than 50% of my portfolio in a single idea in the last 15 years or so. I put more than 50% into one stock once. […]
Geoff Gannon wrote a new post 7 years, 11 months ago
Tuesday, May 8th, Industrial Logistics Properties Trust (ILPT) by George Baxter
To Focused Compounding members:
Ben Graham wrote: “Confronted with a…challenge to distill the secret of sound investment into thr […]
